Latest news with #SyamaPrasadMookerjeePortAuthority
Business Standard
08-07-2025
- Business
- Business Standard
JSW Infra gains on securing LoA for berth reconstruction at Kolkata Port
JSW Infrastructure added 1.43% to Rs 309.55 after the company has received a letter of award (LoA) from the Syama Prasad Mookerjee Port Authority for the reconstruction of berth 8 and mechanization of berths 7 and 8 at Netaji Subhas Dock, Kolkata. The project, awarded on a design, build, finance, operate, and transfer (DBFOT) basis under the PPP model, is aimed at enhancing container handling capacity at the port. The project comes with a 30 year concession period and aligns with JSW Infrastructures strategy to expand its terminal portfolio under the Governments port privatization initiative. With an estimated capex of Rs 740 crore and a construction timeline of two years, the company will also be able to commence operations during the construction phase, leveraging Kolkata Citys steady cargo volumes. Post completion, the project is expected to significantly enhance both capacity and operational efficiency. The development marks a key milestone in JSW Infrastructures strategy to diversify its cargo portfolio through targeted investments in the container segment. With this addition, the company strengthens its container operations across both eastern and western coasts. On the west coast, JSW Infrastructure operates the New Mangalore Container Terminal with a current capacity of 0.2 million TEUs which is being expanded to 0.35 million TEUs. The Kolkata project brings the companys total container handling capacity close to 1 million TEUs, positioning it as an emerging player in Indias port container sector. The company has clarified that neither the promoter, the promoter group, nor any group companies have any interest in the entity to which the contract/order has been awarded. Furthermore, the transaction does not qualify as a related party transaction under applicable regulations, and hence the question of it being conducted at arms length does not arise. JSW Infrastructure, a part of JSW Group, is the second largest commercial port operator in India in terms of cargo handling capacity. It develops and operates ports and port terminals pursuant to port concessions. The companys consolidated net profit jumped 56.67% to Rs 515.58 crore on a 17.04% increase in revenue from operations to Rs 1,283.18 crore in Q4 FY25 over Q4 FY24.
Economic Times
08-07-2025
- Business
- Economic Times
JSW Infrastructure shares in focus after bagging Rs 740 crore port project in Kolkata
Shares of JSW Infrastructure are expected to be in focus on Tuesday after the company announced that it has secured a Rs 740 crore port infrastructure project from the Syama Prasad Mookerjee Port Authority. ADVERTISEMENT The project involves the reconstruction of Berth 8 and the mechanization of Berths 7 and 8 at the Netaji Subhas Dock in Kolkata. It is aimed at enhancing the port's container handling capacity. The project has been awarded on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis under the Public-Private Partnership (PPP) model and comes with a 30-year concession period. It aligns with JSW Infrastructure's broader strategy of expanding its terminal portfolio under the government's port privatization initiative. The company noted that it will be able to commence operations during the construction phase as well, supported by Kolkata's steady cargo estimated construction timeline is two years, and once completed, the project is expected to significantly boost both capacity and operational efficiency at the port.'The development marks a key milestone in JSW Infrastructure's strategy to diversify its cargo portfolio through targeted investments in the container segment. With this addition, the company strengthens its container operations across both eastern and western coasts,' JSW Infrastructure said in a press release. ADVERTISEMENT 'On the west coast, JSW Infrastructure operates the New Mangalore Container Terminal with a current capacity of 0.2 million TEUs, which is being expanded to 0.35 million TEUs. The Kolkata project brings the company's total container handling capacity close to 1 million TEUs, positioning it as an emerging player in India's port container sector,' it company confirmed that the Concession Agreement for the project will be executed within 30 days from the date of issuance of the Letter of Award (LOA). ADVERTISEMENT JSW Infrastructure shares closed flat at Rs 305.20 on BSE on Monday. Also read: Jane Street probe: Sebi chief Tuhin Kanta Pandey rules out weekly expiry ban, signals tighter derivatives watch (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
08-07-2025
- Business
- Time of India
JSW Infrastructure shares in focus after bagging Rs 740 crore port project in Kolkata
JSW Infrastructure shares may be in focus after it won a Rs 740 crore port infrastructure project from the Syama Prasad Mookerjee Port Authority. The project involves reconstructing Berth 8 and mechanizing Berths 7 and 8 at Netaji Subhas Dock in Kolkata, aimed at boosting container handling capacity. The development supports JSW's strategy to expand its terminal portfolio. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of JSW Infrastructure are expected to be in focus on Tuesday after the company announced that it has secured a Rs 740 crore port infrastructure project from the Syama Prasad Mookerjee Port project involves the reconstruction of Berth 8 and the mechanization of Berths 7 and 8 at the Netaji Subhas Dock in Kolkata. It is aimed at enhancing the port's container handling capacity The project has been awarded on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis under the Public-Private Partnership (PPP) model and comes with a 30-year concession aligns with JSW Infrastructure's broader strategy of expanding its terminal portfolio under the government's port privatization initiative . The company noted that it will be able to commence operations during the construction phase as well, supported by Kolkata's steady cargo estimated construction timeline is two years, and once completed, the project is expected to significantly boost both capacity and operational efficiency at the port.'The development marks a key milestone in JSW Infrastructure's strategy to diversify its cargo portfolio through targeted investments in the container segment. With this addition, the company strengthens its container operations across both eastern and western coasts,' JSW Infrastructure said in a press release.'On the west coast, JSW Infrastructure operates the New Mangalore Container Terminal with a current capacity of 0.2 million TEUs, which is being expanded to 0.35 million TEUs. The Kolkata project brings the company's total container handling capacity close to 1 million TEUs, positioning it as an emerging player in India's port container sector,' it company confirmed that the Concession Agreement for the project will be executed within 30 days from the date of issuance of the Letter of Award (LOA). JSW Infrastructure shares closed flat at Rs 305.20 on BSE on Monday.
Business Standard
07-07-2025
- Business
- Business Standard
JSW Infrastructure receives LoA for developing berths at Netaji Subhas Dock, Kolkata
JSW Infrastructure has received a Letter of Award from the Syama Prasad Mookerjee Port Authority for the reconstruction of Berth 8 and mechanization of Berths 7 and 8 at Netaji Subhas Dock, Kolkata. The project, awarded on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis under the PPP model, is aimed at enhancing container handling capacity at the port. The project comes with a 30]year concession period and aligns with JSW Infrastructurefs strategy to expand its terminal portfolio under the Governmentfs port privatization initiative. With an estimated capex of ₹740 crore and a construction timeline of two years, the Company will also be able to commence operations during the construction phase, leveraging Kolkata Cityfs steady cargo volumes. Post]completion, the project is expected to significantly enhance both capacity and operational efficiency. With this addition, the Company strengthens its container operations across both eastern and western coasts. On the west coast, JSW Infrastructure operates the New Mangalore Container Terminal with a current capacity of 0.2 million TEUs which is being expanded to 0.35 million TEUs. The Kolkata project brings the Companyfs total container handling capacity close to 1 million TEUs, positioning it as an emerging player in Indiafs port container sector.
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Business Standard
07-07-2025
- Business
- Business Standard
JSW Infrastructure bags ₹740 crore project to develop Kolkata port
JSW Infrastructure Limited on Monday announced that it had bagged a key project at Kolkata Port that would help the company grow its presence on the eastern coast and expand its cargo business. The company plans to invest ₹740 crore in the project, which is expected to take two years to complete. The company has been awarded the project by the Syama Prasad Mookerjee Port Authority for the reconstruction of Berth 8 and mechanisation of Berths 7 and 8 at Netaji Subhas Dock, Kolkata, aimed at increasing the container-handling capacity of the port. A berth is a designated location in a port where a ship can dock for the purpose of loading and unloading, or any other port activity. The project comes with a 30‐year concession period under the government's initiative to privatise ports. The move is important for JSW Infra as it is looking to diversify its business from bulk cargo to container shipping. The company already runs the New Mangalore Port on the western coast of the country. Earlier in June, the company's subsidiary JSW Jaigarh Port signed a memorandum of understanding with Konkan Railway Corporation (KRCL) to develop a dedicated rail siding that will further smoothen the movement of containers, bulk, and liquid cargo. JSW Infrastructure stock closed at ₹305.20, down ₹0.30 or 0.10 per cent on the BSE on Monday.
